US tech innovation dreams soured by changed R&D tax laws

Comment by DC reporter on tax policy, https://x.com/lauraeweiss16/status/1745201276730683754

> potential bipartisan tax deal, per an office briefed today on where the deal stands -- $35B ... for ... 3 business tax benefits ... deal would include R&D, interest expensing, bonus depreciation. Full, upfront R&D deductions would be ONLY for domestic spending

> "Since amortization took effect, the growth rate of R&D spending has slowed dramatically from 6.6 percent on average over the previous five years to less than one-half of 1 percent over the last 12 months," Estes said. "The [R&D] sector is down by more than 14,000 jobs"

All our politicians fail us.